Warburg Investment
Management International
780 Third Ave., Suite 3401, New York, N.Y. 10017; phone: (212) 751-8340; fax: (212) 751-8553
(U.S. $ millions)
Total discretionary assets2,945
Non-U.S. pension assets466
U.S. discretionary tax-exempt assets managed:
Total international/global2,480
International2,046
Active equity accounts667
Active bond accounts1,303
Balanced19
Other57
Global434
Active equity accounts111
Active bond accounts323
Warburg Investment Management International Ltd. had $2.046 billion in international accounts and $434 million in global accounts as of March 31.
The firm's asset mix for international accounts was 33% equity, 64% bonds and 3% cash as of March 31; equity assets were committed most heavily to Japan, the United Kingdom, the Netherlands, Germany and Switzerland.
As of the same date, its global account asset mix was 26% equity and 74% bonds; equity assets were committed most heavily to Japan, the United Kingdom, the United States, the Netherlands and Australia.
The firm has a top-down/bottom-up macroeconomic emphasis. Stock selection is based on relative value. The bond approach combines long-term strategic analysis and short-term tactical applications, with currencies considered separately.
Analysts or portfolio managers are stationed in London, Hong Kong, Tokyo, Melbourne, Singapore and Montreal.
The firm, a subsidiary of Mercury Asset Management PLC, has been registered with the SEC since 1976.
Richard J. Oldfield is chief investment officer; Steven Golann and J. Eric Nelson are client contacts.
Wellington Management Co.
75 State St., Boston, Mass. 02109; phone: (617) 951-5000; fax: (617) 951-5580
(U.S. $ millions)
Total discretionary assets79,021
Non-U.S. pension assets126
U.S. discretionary tax-exempt assets managed:
Total international/global1,173
International1,163
Active equity accounts1,140
Active bond accounts13
Emerging markets10
Global10
Active equity accounts10
Wellington Management Co. had $1.163 billion in international accounts and $10 million in global accounts as of March 31.
The firm's asset mix for international accounts was 97% equity, 1% bonds and 2% cash as of March 31; equity assets were committed most heavily to Japan, the Philippines, France, Singapore and Switzerland.
As of the same date, its global account asset mix was 84% equity and 16% cash; equity assets were committed most heavily to the United States, Japan, Hong Kong, the United Kingdom and Germany.
Investment decisions are based primarily on bottom-up fundamental research conducted internally.
Analysts or portfolio managers are stationed in Boston, Atlanta and Valley Forge, Pa.
The firm has been registered with the SEC since 1960.
Dena G. Willmore is client contact.
Wells Fargo Nikko
Investment Advisors
45 Fremont St., San Francisco, Calif. 94105; phone: (415) 597-2000; fax: (415) 597-2011
(U.S. $ millions)
Total discretionary assets153,244
Non-U.S. pension assets7,969
U.S. discretionary tax-exempt assets managed:
Total international/global11,332
International11,332
Active equity accounts275
Balanced accounts235
Indexed equity accounts10,411
Indexed bond accounts411
Minimum separate account100
Wells Fargo Nikko Investment Advisors had $11.332 billion in international accounts as of March 31.
The firm's asset mix for international accounts was 94% equity, 4% bonds and 2% other as of
March 31; equity assets were committed most heavily to Japan, the United Kingdom, Germany, France and Switzerland .
The firm manages a broad range of international quantitative, passive and process-driven investment products.
The firm runs $2.437 billion of U.S. institutional, discretionary tax-exempt assets in dynamic and static currency hedging, equity hedging, fixed-income hedging and tactical asset allocation programs; $2.237 billion of the underlying assets is managed internally.
Analysts or portfolio managers are stationed in San Francisco, London, Tokyo and Toronto.
The firm, a joint venture of Wells Fargo & Co. and The Nikko Securities Co. Ltd., has been registered with the SEC since 1990.
Blake Grossman is chief investment officer; Marcia Hayes is client contact.
WorldInvest Ltd.
780 Third Ave., New York, N.Y. 10017; phone: (212) 755-0900; fax: (212) 755-0980
(U.S. $ millions)
Total discretionary assets5,267
Non-U.S. pension assets1,161
U.S. discretionary tax-exempt assets managed:
Total international/global3,186
International1,869
Active equity accounts843
Active bond accounts1,007
Balanced19
Global1,317
Active equity accounts204
Active bond accounts1,048
Balanced65
Minimum separate account15
WorldInvest Ltd. had $1.869 billion in international accounts and $1.317 billion in global accounts as of March 31.
The firm's asset mix for international accounts was 46% equity and 54% bonds as of March 31; equity assets were committed most heavily to Japan, France, the United Kingdom, Italy and Mexico.
As of the same date, its global account asset mix was 18% equity and 82% bonds; equity assets were committed most heavily to Japan, the United States, France, Italy and Mexico.
The firm's approach is active, driven by fundamental economic analysis.
The firm is willing to take significant positions away from an index, based on its top-down view of anticipated market returns.
Analysts or portfolio managers are stationed in London.
The firm has been registered with the SEC since 1981.
Keith Brown is chief investment officer; Susan Leader is client contact.
1000 Lafayette Blvd., Bridgeport, Conn. 06604; phone: (203) 330-5102; fax: (203) 330-5001
(U.S. $ millions)
Total discretionary assets*4,214
U.S. discretionary tax-exempt assets managed:
Total international/global1,840
International176
Active equity accounts176
Global1,664
Balanced1,664
Minimum separate account10
as of Dec. 31, 1993
Wright Investors' Service had $176 million in international accounts and $1.664 billion in global accounts as of Dec. 31.
The firm's asset mix for international accounts was 100% equity as of
Dec. 31; assets were committed most heavily to the United Kingdom, Japan, France, the Netherlands and Hong Kong .
As of the same date, its global account asset mix was 60% equity and 40% bonds; equity assets were committed most heavily to the United States, the United Kingdom, Japan, France and the Netherlands.
The firm has a bottom-up, fundamental and quantitative approach. Industry and country allocations for a multicountry approach are limited to 20% of the portfolio, with holdings broadly diversified.
Analysts or portfolio managers are stationed in Bridgeport and Shannon, Ireland.
The firm has been registered with the SEC since 1961.
John W. Wright is chief investment officer; Diane H. Timpany is client contact.
